Intel Raises Outlook On Stronger PC Demand, Shares Jump

WochitJun. 12, 2014. 12:44 PM EST

Intel on Thursday raised its outlook for the second quarter and the full year, citing stronger-th...
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Intel on Thursday raised its outlook for the second quarter and the full year, citing stronger-than-expected demand for personal computers used by businesses. The chipmakers shares jumped more than 4 percent in extended trade as improved forecast lifted hopes for a PC industry that been shrinking due to consumers' preferences for tablets and smartphones.
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